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Simplicity
It's easy and convenient to make a donation or establish a
fund. One gift can benefit several worthwhile projects
through unrestricted funds or through funds of the donor's
choosing.
Permanence
The foundation is a permanent part of the community. A
contribution will provide charitable benefits indefinitely
since fund principal is retained, and generally only
earnings are used for grantmaking.
Flexibility
There are a variety of funds that can be set up by a donor,
and many types of assets can be used to start a fund. Funds
may be designated for a specific purpose or organization or
set up with no restrictions on how the money is used.
Tax Benefits
Contributions to the community foundation qualify for
maximum deductibility under tax laws.
Accountability
Annual independent auditing and filing of tax returns, and a
carefully selected volunteer board, ensure the use of funds
in the public interest. Donations will always be used in
accordance with the donor's intent. |
